Re:Why a global recession is inevitable in 2023
by yucky on Sunday January 01, 2023 @05:56PM
(#34211982)
See above, and try it yourself. On a $150k house a first time buyer can use FHA to put 3% down, and if FHA approved the sale then by definition it is not a fixer upper.
That means a first time buyer can get into a $150k house with FHA for $4,500 down and $1,300/month (which includes property tax and home insurance).
This means someone making $25/hour can afford to buy one of these homes, right now, today.
That means a first time buyer can get into a $150k house with FHA for $4,500 down and $1,300/month (which includes property tax and home insurance).
This means someone making $25/hour can afford to buy one of these homes, right now, today.